Company Number: 14674023

Analysis Date: 2025-07-29 14:43 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Trixyblox Ltd is a newly incorporated micro-entity operating in video production. It has filed timely accounts, showing strong net current assets and positive net assets, indicating initial financial stability. However, as a young company with only one year of trading history and no audited financials, its creditworthiness is yet to be proven over time. Approval is recommended with conditions including monitoring future trading performance and cash flow generation to confirm ongoing viability and repayment capability.

2. Financial Strength:
   The balance sheet as of 29 Feb 2024 shows total net assets of £461,224, supported by low fixed assets (£12,298) and strong current assets (£624,680) against current liabilities of £175,754. This results in a healthy net working capital position (£448,926), implying good short-term financial strength. The company is equity funded with no indication of external debt, which reduces financial risk. The presence of directors’ advances (£9,128) interest-free and repayable on demand may indicate some internal funding support.

3. Cash Flow Assessment:
   Current assets substantially exceed current liabilities, suggesting adequate liquidity to meet short-term obligations. The company employs 3 people, indicating a small operational scale, consistent with its micro-entity status. Without profit and loss details, cash flow projections are limited, but working capital levels provide a comfortable buffer. The absence of external borrowings reduces immediate cash flow pressure. Monitoring of debtor collection and creditor payment terms will be important to maintain liquidity.

4. Monitoring Points:

• Future trading results and profitability when P&L data becomes available.
• Cash flow trends, particularly debtor ageing and creditor days.
• Changes in working capital and any new liabilities or borrowings.
• Director conduct and any related party transactions, noting current directors hold significant control.
• Compliance with filing deadlines and potential changes in business scale or industry risks.